Put in an offer on a house last night last night............

Soot2006

Our offer was just rejected.
Apparently two other offers on the house.
We're going to up our offer a little, and if the other buyers genuinely exist then they can have the house.

suisidevw

I agree with everyones thoughts. Just sticking out. Meeting with bank was positive, a 50./50 split mortgage is more than affordable which is great but we are going to stick to our guns at the moment
Here it is FWIW

http://www.rightmove.co.uk/property-for-sale/property-25465433.html?locationIdentifier=POSTCODE^145548&maxPrice=210000&maxDaysSinceAdded=1&displayPropertyType=houses&radius=3.0&oldDisplayPropertyType=houses&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DPOSTCODE%255E145548%26radius%3D3.0%26displayPropertyType%3Dhouses%26minBedrooms%3D%26maxBedrooms%3D%26minPrice%3D%26maxPrice%3D210000%26maxDaysSinceAdded%3D1%26retirement%3D%26partBuyPartRent%3Dfalse%26_includeSSTC%3Don%26x%3D75%26y%3D12%26sortByPriceDescending%3D%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26auction%3Dfalse

rumncoke

I know what you mean about THAT feeling. We were the same last April. Originally offered 15K below asking price. Been on market 6 months & they had already dropped by 10K. Knew they were desparate to sell so decided to be cheeky. However someone else was interested & we just didn't want to miss out. Very reasonably priced anyway so we agreed to go to asking price. Moved in last June & do not regret it for 1 moment although some people thought we were mad as prices were starting to fall.

Good luck & try not to build your hopes up too much. Looks a lovely house.

suisidevw

Thanks for the advice rumncoke.

We are going in with the SAME offer as last Thursday at £195k tomorrow so will let you know how we get on....

pizzagirl

alexlyne wrote: »

I was told by one local EA when valuing our house that property is being much more realistically priced nowadays,!

He would say that though, wouldn't he?

Rightmove figures show that the average sale price is about 90% of the asking price so that's quite a big difference

themanbearpig

I'm genuinely shocked that people are increasing their offers so quickly, and thoughtlessly. Have you never negotiated for anything before?


Its not 2007 anymore, the market is stagnating, regardless of when the media is telling you (lies!). The buyer should be making the vendor sweat, not the other way around.


And "that feeling", is nothing more than a well decorated and furnished house. You can achieve this for a fraction of what the vendor believes it to be worth in their asking price. Engage your brains when making the biggest financial commitment of your life.

lovethymini

themanbearpig wrote: »

I'm genuinely shocked that people are increasing their offers so quickly, and thoughtlessly. Have you never negotiated for anything before?


Its not 2007 anymore, the market is stagnating, regardless of when the media is telling you (lies!). The buyer should be making the vendor sweat, not the other way around.
That's an opinion. The market is not "stagnating" you're just as bad as the media saying that!!!. Our EA said last year was a write off, but this year is tons better. We've had lots of viewings, many of them FTB who have been holding off, or buyers who've already sold and have gone into rented. We know a few people who've sold in the area, all positive stories. In the area we're looking to move, there are more buyers than properties so trying your chances with a cheeky offer may not be the best game.


And "that feeling", is nothing more than a well decorated and furnished house. You can achieve this for a fraction of what the vendor believes it to be worth in their asking price. Engage your brains when making the biggest financial commitment of your life.
You obviously didn't check out the link LOL

Our property has been on the market for 3 weeks. We had 8 viewings, 4 interested parties, 2 solid offers. The first offer came from an older couple who offered 3.5k under the asking price. The second (young) couple offered almost 15k less which I felt cross at - they were trying their luck to get a "bargain", the house is realistically priced and very comparable so I declined it immediately(cheek!)

Whenever I've bought a property - and I've bought 4 now - I've offered what the house is worth to me.

hookbeak

lovethymini wrote: »

The second (young) couple offered almost 15k less which I felt cross at - they were trying their luck to get a "bargain", the house is realistically priced and very comparable so I declined it immediately(cheek!)

Whenever I've bought a property - and I've bought 4 now - I've offered what the house is worth to me.

these two statements don't make any sense next to each other!

Lets get this right,when YOU put in an offer it's ok for you to offer what it's worth to you, but when someone offers you what it's worth to THEM you get angry because it's "cheeky" ?

Doesn't make any sense does it ?

superfran_uk

Ah I used to live in Cathays, back when I was a footloose fancyfree student. Good memories.

We put a (second) offer on a house friday and didn't hear until wednesday (!?!) that they rejected it but would accept £2000 more. Unfortunately we're dealing with a relocation company so they don't care if no one buys the place, so no point in playing games.

OH was set on it it so swallowed our pride and put in a higher offer today, which was accepted, but they refuse to take it off the market... Apparently they just 'don't do gazumping' but that's not worth the paper they never even wrote it on. Got our fingers crossed that there won't be anyone else insane enough to match our offer.

lovethymini

hookbeak wrote: »

these two statements don't make any sense next to each other!

Lets get this right,when YOU put in an offer it's ok for you to offer what it's worth to you, but when someone offers you what it's worth to THEM you get angry because it's "cheeky" ?

Doesn't make any sense does it ?

Good point well presented. I shall extend my explanation to add that I have never offered too far below an asking price.
If I think a house is unrealistically priced I wouldnt go and see it in the first place.

When we bought the house we are living in at the moment, we offered the asking price as that is the price we felt it was worth to us. Cant be bothered with games. Horses for courses I suppose!